Release date: 16 September 2004
Promoter – Financial Intermediary
Mopani Copper Mines Plc (MCM)
Central Street
Nkana West
P.O. Box 22000
Kitwe
Zambia.
Location
Description
Rebuild and modernization of the Mufulira Copper smelter.
Objectives
First phase of the rebuild and modernization of the Mufulira Copper smelter comprising a new primary smelting furnace, a matte settling furnace, a sulphuric acid plant, an oxygen plant and an update of the associated infrastructure. It will contribute to maintain and to increase the added value of part of the Zambian copper production.
Comments
Copper metallurgy.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to EUR 50m.
Environmental aspects
The project is located within the existing industrial area of Mufulira. The project will contribute to substantially reduce air emissions (SO2 and dust). The site and the project have been subject to environmental assessments and scrutiny as required by Zambian law. The following Environmental Project Brief (EPB) has been established and approved by the Environmental Council of Zambia:
- Environmental Project Brief (EPB), 1 of 3
- Environmental Project Brief (EPB), 2 of 3
- Environmental Project Brief (EPB), 3 of 3
This EPB needs to be read in conjunction with the underlying EIS, Vol. 1: Assessment of Impacts for Mufulira Mine and EIS, Vol.2: Environmental Management Plan for Mufulira Mine, both available for reading at the offices of MCM in Kitwe, Zambia. Contact: Mr. E.Mutati
Procurement
The project is a private sector type operation. The procurement procedures applied are in the best interest of the project and in accordance with EIB’s rules for funding from the Investment Facility.
Status
Signed - 25/02/2005
Disclaimer
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).